[Bitcoin options daily] Open interest at $37.26 billion; $86,000 call leads volume

Bitcoin options open interest fell 0.14% to $37.26 billion, while calls held the larger share of both outstanding positions and daily trading volume. The $86,000 call expiring on November 27 led trading activity.

Call options dominated accumulated positions and accounted for a narrower majority of daily turnover. The leading contracts by open interest were all calls, while the volume rankings included both calls and puts.

As of October 24 at 11:20 UTC, Bitcoin options open interest stood at $37.26 billion, down from $37.31 billion in the previous reading. Daily options trading volume totaled approximately $2.51 billion.

Calls accounted for 59.71% of open interest, compared with 40.29% for puts. Across 24-hour trading volume, calls represented 54.23% and puts 45.77%.

The call majority was more pronounced in outstanding positions than in daily trading. These proportions show the distribution of contracts, though they alone do not establish whether investors were taking directional positions or hedging existing exposure.

The largest contracts by open interest were, in order, the $95,000 call, the $100,000 call and the $90,000 call. All three expire on October 30, 2026, on Deribit.

The leading contracts by 24-hour volume were the $86,000 call expiring on November 27, 2026; the $73,000 put expiring on October 30, 2026; and the $85,000 call expiring on November 27, 2026. All three trade on Deribit.

[Editor's note]Options are derivatives used to take leveraged exposure to an underlying asset or hedge existing positions. Calls give holders the right to buy at a specified price, while puts give holders the right to sell, subject to the contract's terms. Open interest measures outstanding contracts and indicates the accumulated size of positions.

Open interest and trading volume offer different views of activity: the former tracks positions that remain open, while the latter measures transactions during a period. Call and put shares can help describe that activity, but do not by themselves establish a price outlook.